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Denials and defiance: Nestlé chief’s exit over relationship prompts investor unrest

Mercedes Ruehl @mjruehl.bsky.social · Sep 3

on.ft.com/4g7GjSv Denials and defiance: Nestlé chief’s exit over relationship prompts investor unrest

[FREE TO READ] Shareholders turn on board over handling of CEO dismissal after chair Bulcke failed to heed earlier advice to fire Freixe

Switzerland celebrates hands-on democracy (with sausages)

Mercedes Ruehl @mjruehl.bsky.social · Aug 7

Celebrating democracy in Switzerland with wurst and a show of hands

on.ft.com/3JkWlfn Switzerland celebrates hands-on democracy (with sausages)

It has survived centuries but even this voting tradition is not immune to populist forces

Switzerland in ‘shock’ at 39% US tariff blow

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Mercedes Ruehl @mjruehl.bsky.social · Aug 1

on.ft.com/45ftksS Switzerland in ‘shock’ at 39% US tariff blow

[FREE TO READ] New duty level on Swiss goods one of highest in the world and exceeds 31% rate outlined by Donald Trump in April

UBS FX Trades Were Too Good

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Mercedes Ruehl @mjruehl.bsky.social · Jul 29

also, HT @matt-levine.bsky.social for one of my now favourite ever charts

www.bloomberg.com/opinion/news...

Reposted by Mercedes Ruehl

Matt Levine @matt-levine.bsky.social · Jul 29

I will develop a plan to bring disciplined newsletter governance, proper capital allocation, strategic foresight and operational excellence to Money Stuff. www.bloomberg.com/opinion/news...

Also Sinovac, Daily Journal and an insurance correlation trade.

www.bloomberg.com

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Mercedes Ruehl @mjruehl.bsky.social · Jul 29

Be interesting to see if any heads will roll at UBS over this

on.ft.com/4mhC9t4 UBS orders bankers to scale back sale of complex currency products

UBS orders bankers to scale back sale of complex currency products

[FREE TO READ] Swiss bank tells advisers to stop pitching foreign exchange derivatives to many clients after losses

Trump left a power vacuum at the UN. China saw an opportunity

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Mercedes Ruehl @mjruehl.bsky.social · Jul 22

Scoop: After the US pullback, China is making a concerted effort to expand its influence throughout the UN. Story here with @henryjfoy.ft.com @lauramdubois.ft.com and Joe Leahy here:

www.ft.com/content/e289...

Beijing makes concerted effort to place officials and push its agenda in Geneva, say western diplomats

The Swiss solution looming into sight for UBS

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Reposted by Mercedes Ruehl

Tony Tassell @tonytassell.bsky.social · Jul 10

The Swiss solution looming into sight for UBS - smart column here from @mjruehl.bsky.social Switzerland’s pragmatic, slow-moving political system might benefit the bank in seeking compromise in debate over capital rules www.ft.com/content/702f...

Switzerland’s pragmatic, slow-moving political system might benefit the bank in seeking compromise in debate over capital rules

BCG earned more than $1mn for Gaza aid barge project

Reposted by Mercedes Ruehl

Financial Times @financialtimes.com · Jul 13

BCG earned more than $1mn for Gaza aid barge project https://on.ft.com/45097Zd

Work with private US group Fogbow overlapped with start of separate effort to help Gaza Humanitarian Foundation

Switzerland stirs Brexit ghosts in push for EU access

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Reposted by Mercedes Ruehl

PubAffairs EU Debates, News & Opinions 🇪🇺 @pubaffairsbruxelles.eu · Jul 1

#Trade: #Switzerland stirs #Brexit ghosts in push for #EU access, by @mjruehl.bsky.social and @andybounds.bsky.social | Financial Times

Referendum looms on single market deal that includes concessions on money, migration and judicial power

Switzerland stirs Brexit ghosts in push for EU access

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Reposted by Mercedes Ruehl

Anton Spisak @antonspisak.bsky.social · Jul 1

From a very good piece by @andybounds.bsky.social and @mjruehl.bsky.social in today's FT on the EU-Swiss deal and the difficult road ahead:
www.ft.com/content/3200...

Referendum looms on single market deal that includes concessions on money, migration and judicial power

Inheritance tax referendum spooks Swiss super-rich

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Mercedes Ruehl @mjruehl.bsky.social · Jun 21

The other crucial part of this that gets lost is the proposed tax would also affect those running the thousands of small and medium sized businesses and entrepreneurial families spread across the country, many of which have their money entirely tied up in the business.

on.ft.com/4nd3rCb

Bankers and lawyers warn of exodus ahead of public vote on 50 per cent rate for the very wealthy

Can an ex-Goldman banker finally fix Julius Baer?

Mercedes Ruehl @mjruehl.bsky.social · Jun 21

Bankers and lawyers warn of a UK-style exodus ahead of an extreme proposed inheritance tax in Switzerland: this weekend’s FT front page

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Mercedes Ruehl @mjruehl.bsky.social · Jun 19

As a teenage apprentice in Switzerland, Stefan Bollinger was told that with no university degree, his banking career was over. Now the former Goldman and JPMorgan banker has landed one of the top jobs in Swiss finance at Julius Baer. Can he turn it around?
www.ft.com/content/c4bc...

The Swiss wealth manager’s new chief executive Stefan Bollinger takes on a troubled legacy — and Zurich’s establishment

Swiss central bank cuts rates to zero

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Reposted by Mercedes Ruehl

Ian Smith @iankmsmith.ft.com · Jun 19

Switzerland's benchmark interest rate is a big fat zero

via @mjruehl.bsky.social in Zurich + me
www.ft.com/content/4282...

Surge in value of Swiss franc amid US-driven trade war and lagging inflation has complicated policymaking

Finance blog raided over suspected Swiss banking secrecy law breaches

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Reposted by Mercedes Ruehl

Ian Fraser @ianfraser.bsky.social · Jun 18

Investigative reporter Lukas Hässig did Switzerland a service in exposing corruption at the country’s second-largest banking group. Now the Swiss state is seeking to criminalise his journalism using Article 47 of the Swiss Banking Act, also known as the banking secrecy law. @mjruehl.bsky.social

[FREE TO READ] Investigation of Inside Paradeplatz raises concerns about ‘draconian’ rules

Plus, the potentially huge windfall for Warner Bros Discovery’s chief executive and mid-tier law firms in the UK bump up junior pay

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Mercedes Ruehl @mjruehl.bsky.social · Jun 18

And as always, an excellent take on this from the FT’s superb due diligence team here www.ft.com/content/1e38...

A raid in Switzerland

Finance blog raided over suspected Swiss banking secrecy law breaches

Mercedes Ruehl @mjruehl.bsky.social · Jun 18

The raid on a finance blog is a worrying sign for press freedom in Switzerland. The journalist in question doggedly uncovered a huge banking scandal and now may be punished under draconian Swiss secrecy laws.

on.ft.com/443SKZR Finance blog raided over suspected Swiss banking secrecy law breaches

Investigation of Inside Paradeplatz raises concerns about ‘draconian’ rules

Christine Lagarde discussed leaving ECB early to head WEF, Klaus Schwab says

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Reposted by Mercedes Ruehl

Carlo Apostoli @carloapostoli.ft.com · Jun 13

@ftweekend.com Magazine @financialtimes.com

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Reposted by Mercedes Ruehl

John Thornhill @johnthornhill.bsky.social · Jun 7

Always worth listening to @katie0martin.ft.com

on.ft.com/4kXL7eE Why we should worry about the rise of stablecoins

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Reposted by Mercedes Ruehl

Henry Foy @henryjfoy.ft.com · May 28

💥 Christine Lagarde has discussed cutting short her term as European Central Bank president to become chair of the World Economic Forum, ousted WEF founder Klaus Schwab told @financialtimes.com

A bonafide marmalade-dropper from @mjruehl.bsky.social & @olafstorbeck.ft.com

on.ft.com/45sZ4fO

[FREE TO READ] Ousted Davos founder says central bank chief has been in talks to leave before her term ends in 2027

Austrian chancellor says EU asylum rules are no longer fit for purpose

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Reposted by Mercedes Ruehl

Todd Tucker @toddntucker.com · May 27

Austria's center right proposal to keep out the far right, via coalitional letting thousands flower bloom.

”For the centre left, there are rent controls and a levy on bank profits; for the liberals, there are public sector reforms, and for Stocker’s party, a tougher line on security and migration."

Mercedes Ruehl @mjruehl.bsky.social · May 25

FT INTERVIEW: EU asylum laws no longer correspond to their original intention says Austria’s chancellor.

on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose

Christian Stocker adopts hardline policy in bid to bring ‘contentment’ to Austrian voters riled up by far right

Austrian chancellor says EU asylum rules are no longer fit for purpose

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Mercedes Ruehl @mjruehl.bsky.social · May 25

Thank you!

Mercedes Ruehl @mjruehl.bsky.social · May 25

FT INTERVIEW: EU asylum laws no longer correspond to their original intention says Austria’s chancellor.

on.ft.com/44O8YbK Austrian chancellor says EU asylum rules are no longer fit for purpose

Christian Stocker adopts hardline policy in bid to bring ‘contentment’ to Austrian voters riled up by far right